In the News

The May issue of Agri Marketing will include the annual listing of largest agencies and Salutes to NAMA's AgriBusiness Leader and Marketer of the Year. To reserve your organization's ad, contact Audrey Evans at 636/728-1428 ext 2003; AudreyE@AgriMarketing.com

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.16 ¾	6.12 ½	7.32 ¾
Soybeans	+.10	14.46 ¾	13.57 ¾
Wheat	-.22 ¾	6.15 ¾	7.85
Cattle	+.02	120.55	119.00
Hogs	-2.83	87.40	101.40
Cotton	-2.04	90.04	183.17
Milk	-.03	15.77	16.74
Crude Oil	+.56	103.88	111.45

Comments: Grain and soybean futures had a mixed week as large U.S. production prospects continued to weigh heavily on corn and wheat futures, while soybean futures weathered pressure from speculative profit taking with help from strong Chinese demand. Rumors of Chinese buying limited corn futures losses, but there was no confirmation of the business. Lower South American crop estimates also were also supportive for prices. Soybeans rallied strongly late Friday to erase earlier losses on rumors that Brazil had cut off soybean exports, which proved to be untrue. Wheat futures were pressured by both strong U.S. winter wheat condition ratings and improved moisture in the U.S. spring wheat belt. Livestock futures continued to be pressured by demand worries and fund selling, but a strong rebound in wholesale beef prices limited losses in live cattle futures. Lean hog futures came under significant pressure again as wholesale pork prices stayed weak. Cotton futures slid back under pressure from speculative selling amid a lack of supportive news. Click on the Brock logo or call 1-800-558-3431 for more info on our services.